Purchase Price Allocation and Impairment Workshop 2012

Fair value measurement

Dates and locations

Event Dates Locations  
28 - 29 May 2012  Sydney, NSW  Register
31 May - 1 June 2012 Melbourne, Vic Register

Overview

Purchase Price Allocation (PPA) is the requirement for companies to report the fair values of assets and liabilities acquired in a business combination. Although these requirements aim to provide greater transparency to the transaction, they also allow for greater subjectivity in the fair value estimation of tangible and intangible assets, thereby having a direct impact on recognised goodwill and future impairment estimations.

In this intensive two-day workshop, participants will be able to practically develop their understanding of valuation and impairment fundamentals and best-practice approaches, together with the new requirements of AASB 13 Fair Value Measurement which becomes effective in January 2013.

Note: This is an interactive and practical session and attendees will need to bring a laptop with Microsoft Excel 2003 or later installed. Please ensure that your battery is completely charged as power outlets may be limited.

Dates & Locations

  • Date & Time: Thursday, 3 May 2012 - Friday, 4 May 2012 8:30 am - 4:30 pm
  • Venue: The Institute of Chartered Accountants in Australia
    Central Plaza One
    Level 32, 345 Queen Street
    Brisbane Qld 4000

Thursday, 3 May 2012

Time Session CPE HRS
8:00 - 8:30 am Registration
8:30 - 4:30 pm Purchase Price Allocation (PPA) 6.5

Friday, 4 May 2012

Time Session CPE HRS
8:00 - 8:30 am Registration
8:30 - 4:30 pm PPA and Impairment 6.5

Learning Outcomes

Learning outcomes:

At the conclusion of this workshop attendees will be able to:

  • Explain valuation fundamentals, approaches and methodologies
  • Undertake a valuation in accordance with the Accounting Standards
  • Determine when and how to conduct impairment testing
  • Outline intangible asset-specific valuation and impairment issues.

 

Who should attend:

This interactive workshop is aimed at professionals with an intermediate or advanced level of experience,
including CFOs, accountants, financial controllers and group finance managers:

  • Working in companies involved in mergers, or the purchase or sale of businesses
  • Working in mid-sized firms advising clients on the purchase or sale of businesses
  • Working in corporate finance dealing with mergers and acquisitions
  • Assisting with tax restructures
  • Undertaking valuations in accordance with the accounting standards
  • Interested in impairment.

Inclusions

Participants will receive:

  • PowerPoint presentation slides
  • Technical notes and case studies
  • Excel model to be populated.

 

Note: This is an interactive and practical session and attendees will need to bring a laptop with Microsoft Excel 2003 or later installed. Please ensure that your battery is completely charged as power outlets may be limited.

Packages & Pricing

Member

  • Standard $1,235.00
  • Regional $988.00

Non-member

Conditions:

Regional: members working in regional areas (125km from location) and/or travelling from interstate.
Members of the Business Valuations Special Interest Group (BVSIG) are entitled to receive the BVSIG member and regional rates.
BVSIG and regional members need to download the registration form to register.

Early Bird offer is only valid for bookings confirmed and paid on or before Tuesday, 3 April 2012. All prices are in AUD and include GST. Discount offers cannot be combined. Morning tea, lunch and afternoon tea will be included on each day of the program.

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Session Description

Thursday, 3 May 2012

Purchase Price Allocation (PPA)
  • Introduction to AASB 3 Business Combinations and AASB 13 Fair Value Measurement
  • Valuation and PPA fundamentals
  • Fair value of consideration and business acquired
  • Apportioning fair value between Cash Generating Units
  • Implied cash flows and discount rate
  • Fair value of assets and liabilities acquired
  • Recognising and measuring goodwill.

Friday, 4 May 2012

PPA and Impairment
  • Valuing intangible assets
  • Weighted average return on assets
  • Introduction to AASB 136 Impairment of Assets
  • Valuation and impairment fundamentals
  • Cash Generating Units
  • Forecasting cash flows
  • Determining the discount rate
  • Impairment testing of specific intangible assets.

Presenters

  • Simon Dalgarno

    Simon Dalgarno FCA

    Director, Leadenhall VRG Pty Ltd

    Simon Dalgarno is a Chartered Accountant and an Associate Member of the Financial Services Institute of Australasia. Since joining the Leadenhall consulting practice in 1998 he has specialised in the valuation of businesses and intellectual property. Simon has extensive experience in the valuation of businesses and intangible assets.

    He regularly undertakes valuations as part of transactions and for purchase price allocation and impairment testing purposes. He has also provided structuring advice for an initial public offering, advised on the sale of businesses and has undertaken numerous evaluations to assist in capital expenditure and investment decisions for public and private sector clients.

  • Hamish Blair

    Hamish Blair FCA

    Director, Leadenhall VRG Pty Ltd

    Hamish Blair is a director of Leadenhall VRG Pty Ltd and has previously had 13 years corporate finance experience with KPMG's and Deloitte Touche Tohmatsu's corporate finance practices. He has experience in the preparation of valuations, the provision of corporate advice and rendering of Independent Expert Reports for public stock market transactions. His industry experience includes broadcasting and media, financial services, wagering and gaming, industrial and consumer markets, biotechnology, telecommunications, energy and resources, infrastructure, forestry and logistics. Hamish regularly lectures in the areas of valuations, mergers and acquisitions and corporate structured finance.

  • Richard Norris

    Richard Norris ACA

    Senior Adviser, Leadenhall VRG Pty Ltd

    Richard joined Leadenhall VRG Pty Ltd in 2011 with 15 years of financial services experience. After qualifying as Chartered Accountant in the UK, he moved to Sydney where he joined the Corporate Finance team at Deloitte. During his time with Deloitte, Richard prepared several Independent Expert Reports for transactions involving ASX listed companies as well as valuations for disputes, taxation and financial reporting purposes. He also provided corporate advice in relation to proposed acquisitions and disposals. Richard then spent several years using and developing his valuation skills to direct investments as a fund manager.

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Last Updated 16 December 2011